540-718-6609

3111 Lee Highway North
Lexington City, VA 24450
MLS #RB10072516

Commercial
    $1,295,000
    Est. P&I payment: $4946.02/mo
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    Description for 3111 Lee Highway North, Lexington City, VA 24450
    Historic Maple Hall Inn, an 1850 Greek Revival Manor B and B with antebellum touches, is Lexington's premier home away from home and ready for her next owner! 20 guest rooms and suites in the Main House, Guest House, and Pond House. Upscale Restaurant 1850. Located minutes from Lexington's universities, equestrian centers & I-81... it's the perfect destination for all types of travelers!
    MLS #RB10072516

    Listing Agent

    Mike ButtersMike Butters
    540-718-6609 Mobile
    540-825-9898 Office
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    My Notes for MLS #RB10072516

    General Features

    • Property Type: Commercial
    • Comm Industrial Type: Restaurant,​Hotel/Motel
    • Comm Industrial Misc: Doors&Halls>32 in.,​Private Office,​Handicap Adapt Bath
    • Zoning Code: B-1

    Exterior Features

    • Exterior: Brick
    • Stories: 3
    • Lot Area Acre: 7.65
    • Lot Size Area: 333,234
    • Water Front: Y
    • Water Frontage: 200
    • Physical Dock Slip Conveys: No
    • Mean Low Water: 0+
    • Navigable Water: No
    • Water Access: Yes
    • Property Against Water: Yes
    • Water View: Yes
    • Body Of Water: POND
    • Parking Included In List Price: N
    • Parking: DW - Circular,​Free,​Gravel Driveway

    Interior Features

    • Gross SQFT: 13,956
    • Net SQFT: 13,956
    • Floor: Wood
    • Walls Ceilings: High
    • Entry Level: 1st Floor

    Utilities Features

    • Cooling Fuel: Electric
    • Cooling: Central Air Conditioning
    • Electric Service: 120/240V
    • Sewer Septic: Public Sewer
    • Water: Public

    Financial Features

    • Price Per Square Foot: 93
    • Total Taxes: 9,387.7
    • Total Taxes Payment Freq: Annually
    • Tax Year: 2017
    • Improvement Assessment Amount: 1,184,500
    • Improvement Assessment Payment Freq: Annually
    • Land Assessment Amount: 156,600
    • Land Assessment Payment Freq: Annually
    • Total Assessment: 1,341,100
    • Total Assessment Payment Freq: Annually
    • Rent Income: 30,000
    • Gross Income: 302,717
    • Monthly Gross Rent: 2,500
    • Owner Pays: Accounting/Legal,​Payroll,​Property Insurance,​Repairs and Maintenance,​Property Management,​Staff Apartment,​Taxes-Real Estate,​Utilities
    • Present Licenses: Beer/Wine,​Food,​Liquor
    • Rental Year: 2016
    • Expenses: 265,275

    Community Features

    • City: 10388552285
    • County: Rockbridge
    • HOA: N
    • Vacation Home: N
    • Roads: Access-on grade,​US Hwy/Interstate
    • Advertised Subdivision: NONE

    Misc Features

    • Property Condition: Shows Well
    • Security: Resident Manager,​Smoke Detector,​Spkler Sys-indoor
    • TV Cable Comm: CATV/Dwelling
    • Year Built: 1850
    • Occupied: Yes
    • Vacancy Factor: 85
    • Tenancy: Lease terms Mixed
    • Auction: N
    • Foreclosure: N
    • Potential Short Sale: No
    • Present Use: Restaurant,​Hotel/Motel

    Location

     
    Street View Not Available
    The listing information for 3111 Lee Highway North, Lexington City, VA 24450 was graciously provided by our friends at the listing brokerage, EXIT Cornerstone Realty

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    Last Updated 04/20/2018 at 11:50pm